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Peter and Gail were nearing retirement. Over the years, with the help of their financial advisor, they made solid investments in securities and built a sizable portfolio. While their investments increased substantially in value, their potential capital gains tax bill was rising. Now with retirement on the horizon, they were looking for a way to sell their highly appreciated stock, generate income for their future and avoid paying high capital gains tax.Peter: For a number of years we had supported the work of Valley Christian Schools. Through our accountant we learned that because the school is a recognized non-profit organization, we could make a gift of our appreciated stock to a trust and bypass the potential capital gains tax cost we were facing. I was thrilled to learn that after transferring our stock to a charitable remainder trust, the trust could sell the stock tax-free.  Gail: I liked the fact that the trust would provide us with income for our retirement years. If something happened to Peter, I would still be taken care of for the remainder of my life. Peter and Gail decided to make a gift of their appreciated stock to establish a charitable remainder unitrust. They were thrilled at the prospect of creating future income while also bypassing capital gains tax. Peter: When I heard that in addition to the other benefits we would receive a charitable deduction for our gift, it was just icing on the cake! I wondered why everyone nearing retirement doesn't set up a charitable trust. Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your unitrust benefits under federal rules may be different from this person, you may want to click here to view a color example of your benefits based on your age. For more information please select one of the following options: 1. If you would like to view a color presentation of a plan similar to that for Peter and Gail, please click one of these buttons. 2. If you have property and would like to see a color illustration with your property value and your ages, then please click here. 3. If you would like to request a printed illustration of a CRT with your payout rate, then click here. 4. You may print a CRT tri-fold brochure. The Overview and Benefits. |
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